CX Institutional Acquires Shares of 2,055 Xylem Inc. (NYSE:XYL)

CX Institutional acquired a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,055 shares of the industrial products company's stock, valued at approximately $245,000.

Several other institutional investors have also bought and sold shares of XYL. Tallon Kerry Patrick bought a new position in Xylem during the fourth quarter valued at $260,000. Empowered Funds LLC lifted its position in Xylem by 14.0% during the fourth quarter. Empowered Funds LLC now owns 5,558 shares of the industrial products company's stock valued at $645,000 after purchasing an additional 683 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Xylem by 3.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,777 shares of the industrial products company's stock valued at $1,481,000 after purchasing an additional 444 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Xylem by 5.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 155,081 shares of the industrial products company's stock valued at $18,227,000 after purchasing an additional 7,517 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in Xylem by 7.7% during the fourth quarter. V Square Quantitative Management LLC now owns 7,082 shares of the industrial products company's stock valued at $822,000 after purchasing an additional 509 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Xylem Trading Down 1.5%

XYL stock opened at $125.35 on Friday. The company has a market capitalization of $30.50 billion, a PE ratio of 34.25, a P/E/G ratio of 2.33 and a beta of 1.13. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $143.50. The firm's 50-day moving average is $120.52 and its 200 day moving average is $121.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm's revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 EPS. On average, research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio is presently 43.01%.

Analyst Ratings Changes

Several equities analysts have commented on XYL shares. Stifel Nicolaus increased their price objective on shares of Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Royal Bank of Canada raised their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Raymond James upgraded shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Robert W. Baird lowered their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Xylem currently has an average rating of "Moderate Buy" and a consensus target price of $143.71.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.

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